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Tag Archives: TransCanada

Left turn in Canada’s oil-rich Alberta stuns energy industry

CALGARY, Alberta – Canadian oil and gas shares tumbled and the country’s main stock index hit a one-month low on Wednesday after the left-wing New Democratic Party surged to power in the oil-rich province of Alberta on promises that included energy industry reforms. “Even now our inboxes are filling with messages expressing something between disbelief and dismay,” analyst Andrew Bradford ...

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TransCanada’s profit gets boost from Keystone pipeline earnings

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TransCanada Corp , Canada’s No.2 pipeline company by market value, reported a 10 percent rise in comparable earnings, helped by higher profit as its Keystone System, Eastern Canadian Power and U.S. Power businesses. Comparable earnings before interest, taxes, depreciation and amortization (EBITDA) from the Keystone pipeline system jumped 26.6 percent to C$314 million ($259 million) in the first quarter ended ...

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TransCanada says won’t build oil terminal at Cacouna, Quebec

TransCanada Corp , the company behind the controversial Keystone XL pipeline, has scrapped plans for a Quebec oil-export terminal because of danger to whales in the St. Lawrence River, a victory for environmentalists and a move that delays the company’s C$12 billion ($9.5 billion) Energy East pipeline project. The company said it now plans to complete the 1.1 million barrel ...

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Canada regulator probing TransCanada over safety allegations

OTTAWA – Canada’s energy regulator is investigating up to a dozen new allegations of natural gas pipeline safety-code violations at TransCanada Corp <TRP.TO>, according to documents reviewed by Reuters. The regulator, the National Energy Board (NEB), and the company confirmed an investigation is under way but offered few details of the allegations. It marks the second time in recent years ...

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Pipeline foes appeal to Nebraska lawmakers in testy hearing

LINCOLN, Neb. — Opponents of the Keystone XL pipeline appealed to Nebraska lawmakers on Wednesday in their latest effort to overturn the state law that allowed former Gov. Dave Heineman to approve a route through the state. About 60 landowners and activists rallied at the state Capitol in Lincoln as pipeline developer TransCanada Corp. defended its use of eminent domain ...

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Keystone XL oil pipeline: What you need to know about the dispute; a Q&A

One of the biggest environmental controversies of the Obama administration got locked up in Congress again this week, when the Republican-controlled Senate failed to override President Barack Obama’s recent veto of legislation that would have forced a decision on the Keystone XL pipeline. From the halls of Congress to courthouses in heartland states, the project has created a stark divide. ...

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Hoeven: Keystone backers will find way to approve pipeline

BISMARCK, N.D. — Republican U.S. Sen. John Hoeven says a failed attempt to override the president’s veto of the Keystone XL pipeline will not deter him from pushing to get the project approved. The Senate voted 62-37 Wednesday to override President Barack Obama’s veto of the bill. Proponents needed a two-thirds majority. Hoeven, the chief sponsor, says pipeline supporters didn’t ...

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National Fuel gas pipeline approved

National Fuel Gas has received permission from federal energy regulators to move ahead with its plans to build a pipeline that will stretch from the Marcellus Shale region in Pennsylvania to Niagara Falls. The Federal Energy Regulatory Agency this week granted authorization to National Fuel’s Northern Access 2015 pipeline project, which is being built in conjunction with Tennessee Gas Pipeline ...

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